Australian (ASX) Stock Market Forum

MCE - Matrix Composites & Engineering

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Hi Everyone

I like Matrix too and have bought in a few times at 4.00 initially and then again at 5.00.

There is also an article about oil prices going up a fair bit in the new future that shouldn't hurt its prospects.

I also like Forge FGE boought in at 2.32, 3.00 and 3.80. I was wondering what you guys get as next years valuation for FGE as I was thinking of having another go at it.
 
Hi IV

Better off asking about Intrinsic Value on the FGE board, i don't know enough about the company and having a quick squiz at their board, they have done a few calculations themselves.
 
Does anyone know why MCE went up yesterday (14th Dec)? Did a broker change their forecasts? Either way, I'm a happy holder!

robusta - at their current revenue for the previous quarter, they should double revenue for 2011 without Henderson (impressive). With Henderson, I don't know but I would expect it to be more than double! I was just thinking yesterday "this is one hot stock".

Funnily enough I was giving some advice to a friend on the 16/11/2010 saying "Buy MCE, I would suggest you put an order in for $5.00". The next day, that order would have gone through. His return would have been 18.8% in one month. Of course, he didn't take my advice :)
 
I had my second go at Matrix at 5 dollars and 4 dollars for the first go.

I checked Roger Montgomery's valuation for Matrix and he has it around 6 dollars which is just about where it is now.

I suppose the question is should we buy more at the current prices or wait for a pullback if there is one?
 
Intrinsic Value said:
I had my second go at Matrix at 5 dollars and 4 dollars for the first go.

I checked Roger Montgomery's valuation for Matrix and he has it around 6 dollars which is just about where it is now.

I suppose the question is should we buy more at the current prices or wait for a pullback if there is one?
Click to expand...

Heh, the answer to that question (in hindsight) was to buy more at $6. They are now at $6.50! I think it is now too expensive to buy but that doesn't mean I will sell either.

Holding on happy and tight!
 
drlog said:
Heh, the answer to that question (in hindsight) was to buy more at $6. They are now at $6.50! I think it is now too expensive to buy but that doesn't mean I will sell either.

Holding on happy and tight!
Click to expand...

You should get your chance buy after its pull back over the last couple of days.
 
big drop yesterday - assuming a lot of ppl are taking their profits.

I'm set to pick up a few more if it drops about 30c, that may be a little optimistic but i'm not too desperate, almost got enough and not much cash that isnt tied up.
 
Tightwad said:
big drop yesterday - assuming a lot of ppl are taking their profits.

I'm set to pick up a few more if it drops about 30c, that may be a little optimistic but i'm not too desperate, almost got enough and not much cash that isnt tied up.
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Hope you did pick up some more as they have bounced back to 6.90 today.
 
It has hit a high of $7.18 today. As far as I can tell, there are two stories that may cause this:

- BP and a bunch of other companies will be drilling for oil in Australia (Matrix is the obvious supplier for them).

- OPEC has announced that they expect increased demand for oil this year.

Any other thoughts?
 
drlog said:
It has hit a high of $7.18 today. As far as I can tell, there are two stories that may cause this:

- BP and a bunch of other companies will be drilling for oil in Australia (Matrix is the obvious supplier for them).

- OPEC has announced that they expect increased demand for oil this year.

Any other thoughts?
Click to expand...

To be honest, it could be a result of these things...but we can't ever really know.

In order to know why it went up you would need to ask every person why they bought their shares today.
For every person that bought shares, there was someone disagreeing by providing their shares for sale.

In my honest opinion, a stock like matrix can move up and down so quickly for 2 reasons.
The first is because for a long time it has been largely undervalued which means that sudden upswings have been quite common.
The second being sharp short term corrections which seem to be caused by the 'herds' taking profits when they think the stock has risen too high too fast.

This stock is finally beginning to approach its IV, but with such bright prospects in the short and long term future (henderson facility & oil price) the IV should be inclined to rise quite quickly.

Note: I own MCE.
 
I got out around the $6.90 mark and took my profits, I was up 40%. I had hoped it was going to pull back to the $6.20 - $6.40 so I could get back in. Unfortunately for me Matrix just keeps powering ahead. :D
 
fanger said:
I got out around the $6.90 mark and took my profits, I was up 40%. I had hoped it was going to pull back to the $6.20 - $6.40 so I could get back in. Unfortunately for me Matrix just keeps powering ahead. :D
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Mate do yourself a favour and read the H1 2011 report. I took profit in December. I got cold feet and wanted to take some money out of the market before Christmas as I am in the middle of a building project. Then I got spooked mid January and sold the remainder. I then had a think about the fact that I had just sold my most profitable stock of 2010 and went back over the balance sheet, MCEs market announcements and crunched some numbers and decided I was mad not to be in this stock. I bought back into MCE and paid 6% more than what I had sold for.

H1 2011 NPBT is about the same as for 2010 full year result with H1 2011 sales at $92M compared to full year 2010 revenue of $102M. Order book is at $180M.

I'll probably buy some more MCE. I'll crunch the latest numbers and recalculate my intrinsic value for this little gem.
 
Does anyone know when MCE's half year report is due to come out? I can't find a calendar on their website.

The share price currently has a rocket under it (or perhaps I should use a buoyancy analogy? :))

Anyway, I keep looking at the price and wonder if there has been an announcement - nope, not yet.

It's up 7% today! Surely they deserve an ASX speeding ticket? :cautious:
 
drlog said:
Does anyone know when MCE's half year report is due to come out? I can't find a calendar on their website.

The share price currently has a rocket under it (or perhaps I should use a buoyancy analogy? :))

Anyway, I keep looking at the price and wonder if there has been an announcement - nope, not yet.

It's up 7% today! Surely they deserve an ASX speeding ticket? :cautious:
Click to expand...

Not sure either on the reporting date..i tried morningstar but cudnt find it their either.

The price rise is simply due to me topping up with copious amounts ;)

Jokes aside, a massive gain on no news is a little wierd - but as holders who can complain!?
 
VSntchr said:
Not sure either on the reporting date..i tried morningstar but cudnt find it their either.

The price rise is simply due to me topping up with copious amounts ;)

Jokes aside, a massive gain on no news is a little wierd - but as holders who can complain!?
Click to expand...

Yeah not sure what is going on with MCE but everytime I check the price it is going up.:D
 

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